Top Crypto Losers in the Past 24 Hours on Binance

1. INIT (INIT)

Last Price: $0.6780

24h Change: -18.81%

INIT recorded the steepest fall among the listed coins, dropping almost 19% in the past day. This sharp decline could be driven by low liquidity, profit-taking, or broader market conditions impacting smaller cap assets.

2. DEGO (DEGO)

Last Price: $1.951

24h Change: -18.20%

DEGO, a project known for its DeFi and NFT infrastructure, also experienced a heavy dip of 18.2%. Market sentiment towards DeFi tokens has been mixed lately, which might explain part of the downward pressure.

3. HYPER (HYPER)

Last Price: $0.1986

24h Change: -14.73%

HYPER saw its price shrink by nearly 15%. It’s common for mid-cap tokens like HYPER to exhibit higher volatility, especially if there’s news or speculation affecting their ecosystems.

4. FLM (Flamingo Finance)

Last Price: $0.0354

24h Change: -13.87%

FLM, a DeFi token built on the Neo blockchain, fell by close to 14%. Despite efforts to revamp its ecosystem, FLM continues to struggle amid fluctuating DeFi sector sentiment.

5. JST (JUST)

Last Price: $0.03715

24h Change: -11.72%

JST, the governance token of the JUST DeFi platform on the TRON network, lost about 11.7%. While TRON has had some positive news recently, individual projects like JUST can still be heavily influenced by broader market dynamics.

6. ALPACA (Alpaca Finance)

Last Price: $0.2084

24h Change: -11.66%

Alpaca Finance, a lending protocol known for its leveraged yield farming, also faced a double-digit loss. The decline in yield farming returns across DeFi could be one factor contributing to ALPACA’s negative performance.

Traders and investors should always stay cautious, using proper risk management strategies when navigating these volatile waters.

BUY AND TRADE HERE ON $INIT

BUY AND TRADE HERE ON $DEGO

BUY AND TRADE HERE ON $HYPER

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